MIRA INFORM REPORT

 

 

Report Date :

11.07.2012

 

IDENTIFICATION DETAILS

 

Name :

IZPO GLASS DECOR LTD.

 

 

Formerly Known As :

IZP GLASS DECOR LTD.

 

 

Registered Office :

3 Yona Street, Ramat Gan 5237603       

 

 

Country :

Israel

 

 

Date of Incorporation :

22.06.2004

 

 

Com. Reg. No.:

Not Available 

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Importers and marketers of giftware, glassware, vases and flowers accessories, events designers’ accessories, interior home design articles, metalwork ornaments, etc.

 

 

No. of Employees :

04

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

 

Status :

Moderate

Payment Behaviour :

Unknown

Litigation :

Clear

 

 

NOTES:

Any query related to this report can be made on e-mail: infodept@mirainform.com while quoting report number, name and date.

 

ECGC Country Risk Classification List – March 31st, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

Israel

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

Company name & address 

 

IZPO GLASS DECOR LTD.

Telephone              972 3 619 51 56

     972 54 755 73 24

Fax                       972 3 619 51 56

3 Yona Street

RAMAT GAN         5237603                ISRAEL

 

 

HISTORY & LEGAL FORMATION

 

A private limited company, incorporated as per file No. 51-355843-7 on the 22.06.2004.

 

Originally registered under the name IZP GLASS DECOR LTD., which changed to the present name on the 07.02.2005.

 

 

SHARE CAPITAL

 

Authorized share capital NIS 10,000.00, divided into -

                1,000 ordinary shares of NIS 10.00 each,

of which 100 shares amounting to NIS 1,000.00 were issued.

 

 

SHAREHOLDERS

 

Subject is fully owned by Aharon Frenkel.

 

 

SOLE DIRECTOR & GENERAL MNAGER

 

Dov Isaschar Frenkel.

 

 

BUSINESS

 

Importers and marketers of giftware, glassware, vases and flowers accessories, events designers’ accessories, interior home design articles, metalwork ornaments, etc.

 

Operating from an office at the residence of Dov Frenkel, in 3 Yona Street, Ramat Gan and from rented warehouse (space hired according to needs), in Zafariya village.

 

Having 4 employees.

 

 

MEANS

 

Financial data not forthcoming.

 

There are 2 charges for unlimited amounts registered on the company's assets (financial assets and a vehicle), in favor of Bank Massad Ltd (charges placed February –May 2005).

 

 

saleS

 

Sales figures not forthcoming.

 

 

OTHER COMPANIES

 

IZPO LTD.

 

 

BANKERS

 

·         Bank Leumi Le’Israel Ltd.

Union Bank of Israel Ltd., branches data not forthcoming.

 

 

CHARACTER AND REPUTATION

 

Nothing unfavorable learned.

 

Subject’s General Manager, Mr. Dov Frenkel, refused to disclose financial related data on the company, including bank branches details.

 

 

SUMMARY

 

Considering the refusal to disclose financial details, dealings are recommended on a secured basis.

 

 

 

Note: Since the beginning of 2012 Israel Post started using a new area code method of 7 digits (the old method of 5 digits will still be valid till end of 2012).

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.81

UK Pound

1

Rs.86.53

Euro

1

Rs.68.58

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

71-85

Aa

Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums

 

Large

56-70

A

Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums

 

Fairly Large

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

11-25

Ca

Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity

 

Limited with full security

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

----

NB

New Business

----

 

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

 

Financial condition (40%)            Ownership background (20%)                 Payment record (10%)

Credit history (10%)                    Market trend (10%)                                Operational size (10%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.